Addentax Group (NASDAQ:ATXG) Trading 5.1% Higher – Here’s What Happened

Addentax Group Corp. (NASDAQ:ATXG) traded up 5.1% on Wednesday . The stock traded as high as $0.5546 and last traded at $0.5255. 97,428 shares were traded during trading, an increase of 85% from the average session volume of 52,534 shares. The stock had previously closed at $0.4999.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ATXG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded Addentax Group to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Addentax Group Price Performance

The business’s 50-day simple moving average is $0.63 and its two-hundred day simple moving average is $0.64. The stock has a market capitalization of $6.16 million, a price-to-earnings ratio of -0.89 and a beta of 0.93.

Addentax Group (NASDAQ:ATXG) last posted its earnings results on Friday, November 14th. The company reported ($0.11) earnings per share for the quarter. Addentax Group had a negative net margin of 96.23% and a negative return on equity of 18.12%. The business had revenue of $0.82 million for the quarter.

Institutional Investors Weigh In On Addentax Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Addentax Group in the second quarter valued at about $29,000. Virtu Financial LLC purchased a new position in Addentax Group in the 3rd quarter worth approximately $31,000. Finally, Two Sigma Investments LP purchased a new position in Addentax Group in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 10.09% of the company’s stock.

Addentax Group Company Profile

Addentax Group Corp., together with its subsidiaries, operates as a logistic service provider in China. It operates through three segments: Garment Manufacturing, Logistics Services, and Property Management and Subleasing. The company manufactures and distributes garments; and provides logistic services, such as storage, transportation, warehousing, handling, packaging, and order processing, as well as customs declaration and tax clearance services.